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Sarwa Capital calls shareholders to review cash dividends

Sarwa Capital calls shareholders to review cash dividends

ArabFinance:  Sarwa Capital Holding for Financial Investments SAE (SRWA) called for holding ordinary general meeting (OGM) to ratify distributing cash dividends of EGP 0.10 per share.

The OGM will be scheduled to take place on March 30th, for reviewing the financial results and appropriation account for 2019.

Earlier this month, the board proposed distributing EGP 116,759,479 to shareholders.

The company posted consolidated net profits of EGP 406,513,085 in 2019, compared to net profits of EGP 297,814,636 in the same period a year ago, taking into account the minority rights.

Moreover, it posted standalone net profits of EGP 202,759,603, compared to net profits of EGP 17,474,055 in the same period last year.

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